LONDON (MNI) – The Bank of England left its stock of asset
purchases unchanged today at stg325bn and Bank Rate also unchanged at
0.5% following the latest two-day meeting of its Monetary Policy
Committee.
The Bank said that the current programme would take an other two
months to complete and that the scale of the programme would be kept
under review.
Analysts were united in expecting no change to BOE policy
settings at the meeting, although analysts are more split over whether
the committee will extend QE when they meet at the more pivotal May
meeting, when a draft of the next Inflation Report forecasts will be at
hand.
Since the BOE’s decision to increase quantitative easing by stg50bn
in February, a number of members of the MPC have signalled that further
increases in asset purchases are unlikely, barring a significant
deterioration in the economic outlook.
–London newsroom: tel: +4420 7862 7492 email: ukeditorial@marketnews.com
[TOPICS: M$B$$$,M$$BE$,MT$$$$]
